Tanalys

EUR/JPY Intraday: bullish bias above 129.25.

Pivot: 129.25

Our preference: Long positions above 129.25 with targets @ 130.85 131.4 in extension.

Alternative scenario: Below 129.25 look for further downside with 128.55 128 as targets.

Comment: A support base at 129.25 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

131.9 **

131.4 **

130.85 *

130.2965 Last

129.25 ***

128.55 *

128 *

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